Swiggy's Domestic Ownership Crosses 50% in Bid for IOCC Status
Swiggy's Indian-owned stake reached 50.24% as of July 6, advancing its push for Indian Owned and Controlled Company status that would unlock inventory-led quick commerce to rival Blinkit and Zepto. A shareholder resolution to amend its Articles won 72.36% approval but fell short of the 75% threshold.
Swiggy's domestic ownership rose to 50.24% as of July 6, advancing its bid for IOCC status that would enable inventory-led quick commerce like rival Blinkit, despite a failed shareholder resolution to amend its Articles of Association.